Australia
Bat Patter Ideai Have long position,
But im gonna take 1st Profit when Hit D legs and see the price action !!
Good luck Peps
Long EURAUD PlanRationale for Bearish AUD :
1- Is there are a reason to be bullish AUD today? (I could be wrong!)
S&P/ASX 200 Telecom putting in a higher low? The S&P/ASX 200 Telecom bounced at the 78.6 retracement from its 2011 low to 2015 high... which coincides with its 2006 low... good R/R area.. from one Fibo level to the next.
Bearish Cypher in my EUR will be Drop
Good Oportunity to Short after this pull back
Good luck peps !!
A Potential 240 Pips Fall in AUDJPYAfter the fall in price from the recent high at 90.29 on 21st Sept to the recent low at 87.24 on 21st Oct, price has been developing in a corrective nature.
Price has completed a minimum 3-wave structure from the 21st Oct low.
This gives us the bias in looking for a short setup on AUDJPY.
A break below the trend line structure will give us the conviction that we can potentially see price falling 240 pips, targeting 86.02.
With the AUD CPI and Trimmed Mean CPI scheduled to be released tomorrow, these risk events might be the catalyst to move the AUDJPY pair.
GBPAUD - 1D - Range Breakout and Bull Run?If you like this idea leave a like and follow me to get all of my updates :) I would love to talk to you so send me a message or comment!
Underlying: GBPAUD
Time frame: 1D
First of all, the break out, You will see that GBPAUD was hitting support each time and bouncing. We then got a break out of the wedge in the last two weeks and a significant move away from it. You will see that the 50MA (red) is about to come and cross back above the 200MA (blue) which indicates a move higher.
If you look down to the MACD you will also see it has now crossed over well above the centre line and will stay here for the next week or so before making another move. I am buying this pair until it hits the first target which is previous support and resistance.
EURAUD - 1D - Euro Looks Bullish Across Most PairsIf you like this idea leave a like and follow me to get all of my updates :) I would love to talk to you so send me a message or comment!
Underlying: EURAUD
Time frame: 1D
Looking at EURAUD alongside other Euro pairs we are getting a general theme of bullishness. There are two formations going on here, the first being a trending channel (shaded in orange) which is being respected so far. You will then notice there is a narrowing range where the highs are statying at the same level, but the lows keep getting higher. This seems to be putting a lot of pressure to the upside and is the reason I am still expecting a break out to the upside.
AUSSIE AUSSIE AUSSIE Australia200 Long RR3.72Hello,
lets look at Australia 200.
Critical Zone: 5640 ~70
There has not been much action for Australia 200 this year. With this type of condition, if we stick to the plan, we can all make consistent profits until the pattern ends. As Chinese economy stalls, we will expect to see Australian market stabilizes.
As we can see on the chart, since February 2017, Australia 200 has been trading in two ranges
1) 5670 to 5790 (120pips)
2) 5790 to 5950 (160pips)
the second range only lasted less than two months, for the following three months, AUS200 have been trading between the 5640/ 5790 (150pips)range .
As we speak, Australia 200 is trading at 5665, it is now a good opportunity to enter and target 5785 (120pips), SL at 5617 (48pips) 1:2.4RR
Thank you for reading. Happy trading
Australia's Most-Shorted Stock Has Habit of Burning BearsThere’s probably not a lot of people cheering the fact Flight Centre Travel Group Ltd. is Australia’s best-performing equity today.
Getting burnt by the travel retailer is almost a rite of passage for long-short funds Down Under. The market’s most-shorted stock, Flight Centre has a habit of burning bears, with an improved profit outlook in July and this week’s better-than-estimated earnings triggering stock surges.
